BakBone Software Updates Timing for Completion of FY06 Form 10-K



    SAN DIEGO, June 1 /CNW/-- BakBone Software, Incorporated (Pink Sheets:  
BKBO) announced today that additional time will be required to complete the
filing of its comprehensive 10-K for fiscal year ended March 31, 2006. The
Company had previously expected to complete this process during the month of
May.
    
    (Logo: http://www.newscom.com/cgi-bin/prnh/20031120/SDBAKLOGO )
    
    "One of the questions we receive from stakeholders is why this process
takes so long and deadlines continue to be missed," commented Jim Johnson,
president and CEO of BakBone.  "Progress is very good and we are approaching
the finish line.  When we announced in early May that a few additional weeks
were needed to complete this process, we believed this would be the case.
Considering the complexity of the issues at hand -- appropriate allocation of
revenues, as well as the appropriate recording and timing of expenses, as well
as a review of complex technology and accounting matters relating to each
transaction from earlier periods -- and the volume of materials to be
evaluated, additional time is required to complete the testing and review
phases.  Consequently, we currently expect to file the FY06 10-K no sooner
than the end of July."
    Once the Company has concluded its work on the FY06 10-K, management will
update stakeholders on its expectations regarding outstanding filings for
fiscal year 2007.

    
    About BakBone Software
    
    BakBone Software is a leading international data protection solution
provider that develops and distributes heterogeneous data backup, restore,
disaster recovery, replication and storage reporting software for network
storage and open-systems environments. BakBone delivers scalable solutions
that address the complex demands of large enterprise environments, as well as
small- to medium-sized businesses. Founded in 2000, BakBone products are used
by Fortune 1000 corporations and domestic and international government
entities. Distributed through a select global network of strategic partners,
resellers and solution providers, interested companies can learn more about
BakBone's products and services and its newly introduced IDP vision at
http://www.bakbone.com or email info@bakbone.com.

    
    Safe Harbor
    
    This press release contains forward-looking statements (including,
without limitation, the timing of the completion of the Company's financial
reports) that involve risks, uncertainties, assumptions and other factors,
which, if they do not materialize or prove correct, could cause BakBone's
results to differ materially from historical results, or those expressed or
implied by such forward-looking statements.  The potential risks and
uncertainties may include, but are not limited to BakBone's ability to
complete the review of its financial statements, become current in its
reporting with the Securities and Exchange Commission and the Canadian
Securities Administrators and have its common stock meet the standards for
obtaining re-listing on the Toronto Stock Exchange; BakBone's ability to
fulfill the terms of the Sun distribution agreement; competition in its target
markets; potential capital needs; management of future growth and expansions;
risk of third-party claims of infringement; protection of proprietary
information; customer acceptance of the Company's products and fee structures,
and the success of BakBone's brand development efforts.  Other risks that
BakBone faces in its business include risks associated with strategic
alliances; reliance on distribution channels; product concentration; need to
develop new and enhanced products; potential product defects; the ability to
hire and retain qualified employees and key management personnel; and risks
associated with changes in domestic and international market conditions and
the entry into and development of international markets for BakBone's
products. Such forward-looking statements should be considered in the context
of these and other risk factors disclosed in the most recent report filed with
the Securities and Exchange Commission, which may be found at
http:p//www.sec.gov, as well as those risk factors disclosed in the most
current report filed with the Canadian Securities Administrators, which is
available on SEDAR at http://www.sedar.com.  All future written and oral
forward-looking statements made by the Company or on its behalf are also
subject to these factors.  BakBone assumes no obligation to update any
forward-looking statement to reflect events or circumstances arising after the
date on which it was made, unless required to do so under applicable
securities laws.

    The common shares of BakBone Software are currently subject to cease
trade orders in the Canadian jurisdictions of Alberta, British Columbia and
Ontario due to delays in the filing of the Company's financial statements.
Although these cease trade orders do not prevent investors, who are not
resident in or otherwise subject to the laws of Alberta, British Columbia or
Ontario, from trading the common shares of BakBone on the Pink Sheets in the
United States, investors are encouraged to obtain legal advice to ensure that
these trades are not violating the cease trade orders. BakBone continues to
work to resolve all outstanding issues which have prevented filing of its
financial statements, however an exact date for filing of these financial
statements cannot be determined at this time.

    BakBone(R), BakBone Software(R), NetVault(R), Application Plugin
Module(TM), BakBone logo(R), Integrated Data Protection(TM), Redefining Data
Protection(TM), Constant Data(TM), Constant Data logo(TM), Constant
Replicator(TM), OnDemand Replicator(TM), and Constant HA Cluster(TM), are all
trademarks or registered trademarks of BakBone Software, Inc., in the United
States and/or in other countries. Sun, Sun Microsystems, the Sun logo,
StorageTek, Solaris, and The Network is The Computer are trademarks or
registered trademarks of Sun Microsystems, Inc. in the United States and other
countries. All other brands, products or service names are or may be
trademarks, registered trademarks or service marks of, and used to identify,
products or services of their respective owners.

    
    BakBone Corporate Contact:
    Karen Fisher
    BakBone Software Incorporated
    858-795-7525
    karen.fisher@bakbone.com

    BakBone Media Contact:
    Amber Winans
    858-795-7584
    amber.winans@bakbone.com

    




For further information:

For further information: Corporate, Karen Fisher, +1-858-795-7525, 
karen.fisher@bakbone.com, or Media, Amber Winans, +1-858-795-7584, 
amber.winans@bakbone.com, both of BakBone Software, Incorporated Web Site:
http://www.bakbone.com

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BAKBONE SOFTWARE, INCORPORATED

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